What kind of preference maximization does the weak axiom of revealed non-inferiority characterize?

Lombardi, M. (2010) What kind of preference maximization does the weak axiom of revealed non-inferiority characterize? Mathematical Social Sciences, 59(3), pp. 323-325. (doi:10.1016/j.mathsocsci.2010.01.001)

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Abstract

A choice correspondence is weak justified if a non-chosen alternative is dominated by any other obtainable alternative, and for each discarded alternative there is some chosen alternative which dominates it. This definition allows us to build a connection between the behavioral property expressed by the weak axiom of revealed non-inferiority and a weak form of maximality. It is weaker than the form of maximality characterized by the weak axiom of revealed preference.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Lombardi, Dr Michele
Authors: Lombardi, M.
College/School:College of Social Sciences > Adam Smith Business School > Economics
Journal Name:Mathematical Social Sciences
ISSN:0165-4896
Published Online:21 January 2010

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